Hispanic Alliance for Progress

Houston TX


The Hispanic Alliance for Progress (HAP) is a start-up CDFI founded in 2003 to ensure access to full financial participation for Hispanics who are economically disadvantaged. HAP currently focuses on serving 12 counties in Texas and New Mexico, with Hispanic populations in excess of 70%, and high levels of poverty. The 2005 TA grant will help the Awardee to launch, with 12 local partners, a microenterprise loan program and an emergency loan program to help combat the devastating effects of predatory lending practices.

CDFI Awards for Hispanic Alliance for Progress


TA (2005) - $46,000

HAP will use the $46,000 TA grant to obtain (1) a market analysis, (2) a comprehensive community development performance and impact measurement system, (3) staff salary support, and (4) training for the board, staff, and local loan committees on underwriting, risk management, and portfolio management.



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